Simmons First National Bank Buys Sedalia-based Excel Bank

Photo courtesy of Creative Commons

Simmons First National Bank of Pine Bluff, Ark., which bought troubled Truman Bankin September after it was seized by regulators, has acquired Sedalia, Mo.-based Excel Bank, which has a branch in Kirkwood, from the Federal Deposit Insurance Corp.

Missouri Division of Finance regulators closed Excel on Friday and appointed as receiver the FDIC, which entered into a loss-share agreement with Simmons on $126.6 million of Excel Bank’s assets. Read more on St. Louis Business Journal.


Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students